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Western Australian Police Force Seized 1.5 Million Worth of Crypto in a Drug Investigation

The Australian Border Force (ABF), the Western Australian Police Force announced that the force has arrested a 27-year-old man and a 25-year-old woman over drug probe, seizing and frozen an incredible amount of 1.5 million worth of cryptocurrency found in the electronic device held by the culprits. According to the report, officers from the Australian … Continue reading Western Australian Police Force Seized 1.5 Million Worth of Crypto in a Drug Investigation

BIS Newest Quarterly Report: What Potentials Do CBDCs and Distributed Ledger Technology Hold?

The Bank for International Settlements (BIS) has released its newest quarterly report on the changes in the payment industry, including the market impact of the recent coronavirus outbreak. Some of the trends mentioned in the report include stablecoins, tokenized securities, central bank digital currencies (CBDCs), cross-border payments, and peer-to-peer payments. The pace of change and … Continue reading BIS Newest Quarterly Report: What Potentials Do CBDCs and Distributed Ledger Technology Hold?

Western Union Makes Offer to Acquire Cross-Border Payments Firm MoneyGram

Financial giant, Western Union is in discussions to acquire cross-border payments company MoneyGram according to a June 1 article by Bloomberg. Western Union Co. is seeking to acquire MoneyGram International Inc. in a transaction that would bring together two of the largest US providers of cross-border payments. The news comes via an anonymous Bloomberg source, … Continue reading Western Union Makes Offer to Acquire Cross-Border Payments Firm MoneyGram

Bitcoin's Future Looks Bright as Kanye West Decides to Run for President 2020

Kanye West dropped a bomb on social media on July 4—American Independence Day—and indicated his intentions to run for President in the 2020 US Elections. This is exciting news for Bitcoin (BTC), as Kanye has publicly expressed his support for the cryptocurrency. On July 4, Kanye tweeted: “We must now realize the promise of America … Continue reading Bitcoin's Future Looks Bright as Kanye West Decides to Run for President 2020

Blockchain Capital Joins the Libra Association as Newest Governing Member

The Libra Association has announced Venture capital firm Blockchain Capital as its newest member. Blockchain Capital is a San-Francisco-based investment firm with deep expertise and reach in the blockchain sector. The company was founded in 2013, and since then, it has become one of the leading venture capital firms in the cryptocurrency and blockchain space. … Continue reading Blockchain Capital Joins the Libra Association as Newest Governing Member

Ethereum Transaction Fees Record Lowest Price Since Beginning of DeFi Boom

Ethereum transaction fees recorded its lowest price since July when the decentralized finance (DeFi) boom began. Subsequently, market analysts are speculating on whether the DeFi craze is slowly coming to an end. Low ETH Gas fees – is DeFi boom ending? Data from cryptocurrency statistics firm BitInfoCharts indicated that Ethereum gas prices were recorded as … Continue reading Ethereum Transaction Fees Record Lowest Price Since Beginning of DeFi Boom

Kevin Hart Jokingly Calls Crypto “Voodoo Money” While Kanye West Takes Bitcoin Seriously on Joe Rogan’s Podcast

Comedian and actor Kevin Hart recently commented on Bitcoin and other cryptocurrencies during a livestream event for MDA USA. MDA is an organization based in the United States to support those who are affected by muscular dystrophy, ALS and other neuromuscular diseases. A crypto-based non-profit organization, The Giving Block, first noted that Kevin Hart had … Continue reading Kevin Hart Jokingly Calls Crypto “Voodoo Money” While Kanye West Takes Bitcoin Seriously on Joe Rogan’s Podcast

Bitcoin Mining Pools Negatively Impacted as Northwest China Undergoes a Complete Blackout

The hashrate of various Bitcoin (BTC) mining pools dropped due to the blackout impacting Northwest China. Pseudonymous Chinese reporter tweeting under “Wu Blockchain” explained: “The hashrate of Bitcoin mining pools plummeted in 24 hours. Antpools fell by 24.5%, BTC.com fell by 18.9%, Poolin fell by 33%, Binance pools fell by 20%. The reason is that Northwest … Continue reading Bitcoin Mining Pools Negatively Impacted as Northwest China Undergoes a Complete Blackout

Bitcoin Transaction Fees as a Percentage of Total Miner Revenues Hit Lowest Point Since June 2020

Bitcoin (BTC) was down by 2.26% in the last 24 hours to hit $33,259 during intraday trading, according to CoinMarketCap. However, the ongoing Chinese crackdown on BTC mining facilities has dragged its upward momentum, given that some Bitcoin miners have been selling their holdings to attain the needed capital to establish new facilities in other … Continue reading Bitcoin Transaction Fees as a Percentage of Total Miner Revenues Hit Lowest Point Since June 2020